Full list: These 23 companies are still waiting for a bank licence

The Reserve Bank of India (RBI) on Wednesday issued only two licences of the 25 applicants in the fray for banking permits

Reuters

The two companies that made the cut were IDFC, a diversified financial services firm with a special focus on infrastructure financing, and Bandhan, the country's largest micro lender based in Kolkata. Industrial houses were disappointed as the central bank chose to ignore them. However, those that did not qualify for a full-fledged licence this round can again apply in future rounds.

Below is the list of applicants that did not get a licence

* Aditya Birla Nuvo, part of the Aditya Birla conglomerate, which includes Idea Cellularand Hindalco Industries.

* Bajaj Finance, part of the Bajaj Group, which includes motorbike maker Bajaj Auto.

* Magma Fincorp, a finance company that gives loans for vehicles, gold and small enterprises.

* Muthoot Financegives loans against gold.

* Reliance Capital, controlled by billionaire Anil Ambani. Japan's Sumitomo Mitsui Trust Bank and Nippon Life Insurance of Japan would each own stakes of between 4 and 5 percent in the proposed bank.

* Religare Enterprises, a financial services firm controlled by the Singh brothers who also control Fortis HealthcareU.S.-based bank Customers Bancorp Inc(CUBI.O) will invest $51 million in the bank if the group gets a licence.

* Shriram Capital, part of the Shriram Group, which includes truck financier Shriram Transport(SRTR.NS).